2006 Nebraska Revised Statutes - § 79-1022 — Distribution of income tax receipts and state aid; effect on budget.

Section 79-1022
Distribution of income tax receipts and state aid; effect on budget.
Section 79-1022

(1) On or before March 1, 2006, and on or before February 1 for each year thereafter, the department shall determine the amounts to be distributed to each local system and each district pursuant to the Tax Equity and Educational Opportunities Support Act and shall certify the amounts to the Director of Administrative Services, the Auditor of Public Accounts, each learning community, and each district. The amount to be distributed to each district that is not a member of a learning community from the amount certified for a local system shall be proportional based on the weighted formula students attributed to each district in the local system. The amount to be distributed to each district that is a member of a learning community from the amount certified for the local system shall be proportional based on the formula needs calculated for each district in the local system. On or before March 1, 2006, and on or before February 1 for each year thereafter, the department shall report the necessary funding level to the Governor, the Appropriations Committee of the Legislature, and the Education Committee of the Legislature. Certified state aid amounts, including adjustments pursuant to section 79-1065.02, shall be shown as budgeted non-property-tax receipts and deducted prior to calculating the property tax request in the district's general fund budget statement as provided to the Auditor of Public Accounts pursuant to section 79-1024.

(2) Except as provided in subsection (8) of section 79-1016 and sections 79-1033 and 79-1065.02 the amounts certified pursuant to subsection (1) of this section shall be distributed in ten as nearly as possible equal payments on the last business day of each month beginning in September of each ensuing school fiscal year and ending in June of the following year, except that when a school district is to receive a monthly payment of less than one thousand dollars, such payment shall be one lump-sum payment on the last business day of December during the ensuing school fiscal year.

Source:

Laws 1990, LB 1059, § 13

Laws 1991, LB 511, § 79

Laws 1992, LB 245, § 84

Laws 1994, LB 1290, § 8

Laws 1994, LB 1310, § 16

Laws 1995, LB 840, § 9

R.S.Supp.,1995, § 79-3813

Laws 1996, LB 900, § 668

Laws 1996, LB 1050, § 30

Laws 1997, LB 710, § 13

Laws 1997, LB 713, § 5

Laws 1997, LB 806, § 51

Laws 1998, Spec. Sess., LB 1, § 28

Laws 1999, LB 149, § 10

Laws 1999, LB 194, § 35

Laws 1999, LB 813, § 23

Laws 2002, LB 898, § 12

Laws 2002, Second Spec. Sess., LB 4, § 1

Laws 2003, LB 67, § 12

Laws 2003, LB 540, § 5

Laws 2004, LB 973, § 67

Laws 2005, LB 126, § 47

Laws 2005, LB 198, § 3

Laws 2006, LB 1024, § 86.

~ Revised Statutes Cumulative Supplement, 2006